Renewables

Chinese companies win contract for Korlat solar power plant in Croatia

croatia se korlat solar shandong norinco ebrd

Phto: Gregor Mima from Pixabay

Published

February 19, 2025

Country

Comments

comments icon

0

Share

Published:

February 19, 2025

Country:

Comments:

comments icon

0

Share

The Korlat solar power plant in Croatia will be constructed by Chinese companies SDEPCI and Norinco International. Its nameplate capacity would be 99 MW, with a grid connection of 75 MW.

The European Bank for Reconstruction and Development (EBRD) said it awarded the contract for the installation of the Korlat photovoltaic project to the consortium of Shandong Electric Power Engineering Consulting Institute Corporation (SDEPCI) and Norinco International Cooperation.

Croatian state-owned power utility Hrvatska Elektroprivreda (HEP) signed loan agreements in October with the EBRD and the European Investment Bank (EIB) on financing the construction of the facility.

The contract is worth almost EUR 60 million

The amount is EUR 62 million, of which the EBRD’s loan is EUR 31.62 million and the EIB approved EUR 30.38 million. The package is 80% covered by a state guarantee.

The EBRD now said the contract with the consortium is worth EUR 59.9 million.

It is a turnkey, EPC contract – for engineering, procurement and construction, together with commissioning and testing of the Korlat PV facility and including grid connection infrastructure and an ancillary building. The deal also covers operation and maintenance for two years, according to the EBRD’s award notice.

Norinco built the largest wind farm in Croatia

The contract’s scheduled completion date is April 2028, the bank said.

Norinco is already present in Croatia, where it built the largest wind farm, Senj, with a capacity of 56 MW. It is the most significant Chinese investment in Croatia after the bridge to the Pelješac peninsula.

Last year, the company took over a solar project in Bosnia and Herzegovina. A month ago Norinco signed a deal with Arctech on the purchase of its equipment for the future photovoltaic plant.

The first renewable hybrid energy park in Croatia

The expected annual generation of the SE Korlat unit is 165 GWh, sufficient to supply around 50,000 households.

The PV facility would be located near the village of Korlat, about seven kilometers from the town of Benkovac in southwest Croatia. The company built its first wind farm there.

HEP plans to integrate the two facilities into a renewable hybrid energy park, the first of its kind in the country.

Wind farm Korlat, with a capacity of 58 MW, became operational in 2021. It was the first without feed-in tariffs in Croatia.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

serbia trans balkan corridor ems kodar contract bajina basta obrenovac matejic

Serbia’s TSO EMS inks contract for Obrenovac – Bajina Bašta power line within Trans-Balkan Corridor

18 March 2025 - Serbia’s transmission system operator Elektromreža Srbije signed a contract for the construction of a two-system 400 kV transmission line

PPC construction 165 MW solar farm BESS Bulgaria

PPC begins construction of 165 MW solar farm with BESS in Bulgaria

18 March 2025 - PPC Group is accelerating its expansion in the Balkans by laying the foundation stone for its Colosseum solar power project in Bulgaria

montenegro new law on energy sahmanovic

Montenegro adopts new energy law

17 March 2025 - A new Law on Energy will allow citizens to become active participants in the electricity market in Montenegro

north macedonia kontek asi trade solar probistip

Turkey’s Kontek to take over solar project in North Macedonia

17 March 2025 - Kontek plans to acquire an 85% stake in Asi Trade-M, the company developing the 111 MW solar power project